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Time:2026-07-01T07:57:12Z

India's digital economy is booming, with massive share sales, surging IT acquisitions, and Bengaluru overtaking Mumbai as the top startup hub. China's wealth growth lags global averages as its property sector remains sluggish, though manufacturing PMI showed a rebound in June. South Korea's exports surpassed $100bn for the first time, driven by chip demand and a massive AI chipmaking hub investment. Trump's student loan reforms take effect, limiting borrowing to pressure colleges on pricing. Trump also disclosed over $1.2 billion in crypto revenue and a growing financial empire in his first year back in office.

India's tech boom: IPOs, acquisitions, and startup surge

India's tech boom: IPOs, acquisitions, and startup surgeIndia's technology sector is experiencing a multi-faceted boom. Major share sales reflect a population deeply engaged with mobile technology, while Indian IT firms are aggressively acquiring companies to adapt to an AI-driven landscape. Bengaluru has overtaken Mumbai as the country's leading hub for entrepreneurs under 30, signaling a shift in startup geography. However, analysts note that much of India's tech stack still relies on foreign-developed foundations.

China's wealth growth stalls as property drags on

China's wealth growth stalls as property drags onChina's millionaire growth is trailing the global average despite a record year for global personal wealth. The sluggish property sector, once a quarter of the economy, continues to erode household wealth since its downturn in late 2020. On a brighter note, China's manufacturing PMI rebounded to 50.3 in June, signaling marginal expansion, and May economic data is under review for further clues on recovery momentum.

South Korea's AI-driven export and chip hub boom

South Korea's AI-driven export and chip hub boomSouth Korea is riding a wave of AI-driven economic activity. Exports surged past $100 billion for the first time in June, largely fueled by chip demand. Tech giants are planning a $518 billion semiconductor hub to serve soaring AI needs, and KKR is taking control of a $1.3 billion renewables platform to power this growth with clean energy.

Trump student loan reforms take effect July 1

Trump student loan reforms take effect July 1Sweeping changes to the US student loan system took effect on July 1 under the Trump administration. The new policy limits how much students can borrow, aiming to pressure colleges to lower tuition costs. NPR and CNN report on what these changes mean for borrowers and whether the administration can succeed in making college more affordable.

Trump discloses massive crypto and business earnings

Trump discloses massive crypto and business earningsA new financial disclosure reveals that Trump made approximately $1.2 billion from crypto businesses in his first year back in office, with the New York Times reporting his total income exceeded $2 billion. The filing also shows over $100 million in Bitcoin investments, Apple stock holdings, and revenue from merchandise like celebration coins. The disclosures paint a picture of a rapidly expanding business empire intertwined with his return to the White House.